Workflow Management

Triple A Super uses an interactive workflow system that identifies each step in the administration process.

 

The workflow has two levels:

  • End of Year administration processes and
  • Ongoing Daily administration
  • Clients will be able to have access to the workflow portal which includes all the funds under your control.

 

End of Year Administration

There are 21 steps in the administration process that are used by the fund accountants to manage the completion of administration tasks including the flow of work timeliness  through to Audit and Lodgement of the Taxation return for each fund by Triple A Taxation Services Pty Ltd.

 

Through each stage, a traffic light recognition system is used to display the progress of task and if it has been completed on time. Each stage is time managed and includes a start and completion button that the fund accountant must complete before moving on.

 

Green means it is on time and no issues, Amber-there are issues with the fund and Red signifies it is overdue at that stage of completion with issues.

 

Management of the workflow for every fund is enabled by email transmission to management and clients. The workflow and administration compliance is managed on a daily basis by the administration manager and fund accountant through a console based report that displays visually all traffic lights for all funds under administration. Hovering over the current task status or outstanding queries results in the actual page opening up to display both detail.

 

Time is assigned to each task in the workflow system based on our experience of how long it should take to complete each one. A time allocation in days is assigned for the tasks that are more fluid such as Queries sent to the client and their subsequent return, queries from the Auditor and their subsequent resolution by the client or fund.

 

The resulting time allocation is then dynamically matched against the actual time taken by the fund accountant. This results in a traffic light that denotes if the entire process rather than each particular task is on time.

 

Ongoing Administration

This workflow has fewer steps and revolves principally around the daily administration and monthly reconciliation of the fund bank account for a particular fund. Daily compliance is accomplished through transaction rules and wizard’s that alert the fund accountant to any information outside compliance standards.

 

The workflow reporting available to clients’ displays the last monthly reconciliation carried out and any outstanding issues attached to each fund.

 

Workflow Reporting

Access to the workflow portal by the financial adviser will display up to two workflows for each fund.

 

For those funds that are being administered on an ongoing daily basis, the monthly workflow will display below the end of year workflow once the 30th of June arrives. At that time, each fund is entered into the annual accounts production work schedule and will have the 21 step workflow outlining the progress of stages of completion with the ongoing monthly workflow represented underneath for the month in question. The monthly workflow continues throughout the year.